Economics is a science closely related to the human condition In fact, through economic science, great conclusions can be drawn about what human beings are like.
Through the buying and selling of products and services, people choose to prioritize certain things over others. Economics, in short, studies these transactions, the motivations that underlie them, and the monetary fluctuations that occur anywhere on the planet.
Famous phrases about Economy
In this article we are going to collect the best phrases about economics and finance that you should know to have great notions about this science Furthermore, this knowledge will allow you to have intuition when making your investments in the short, medium and long term.
1. Many people have become pessimistic by financing optimists. (C.T. Jones)
On many occasions, excess optimism is a sign of greed.
2. The market can remain irrational longer than you can remain solvent. (John Maynard Keynes)
This representative of the social democratic ideology proposed great laws and maxims that apply to the liberal market.
3. The division of complex tasks into simple tasks, in which one can become expert, is the source of achieving ‘the maximum improvement in the productive powers of work’. (Adam Smith)
One of the virtues of capitalism is specialization. Great famous phrase by the theorist of liberalism Adam Smith.
4. A bank is a place that will lend you money if you can prove that you don’t need it. (Bob Hope)
A curious paradox described in the form of irony.
5. The price is what you pay. Value is what you receive. (Warren Buffett)
One of the most memorable economics phrases.
6. The elements of good trading are: First, cut losses, second, cut losses, and third, cut losses. If you can follow these three rules, then you’ll have a chance. (Ed Sekyota)
“The fundamental strategies” to be a good speculator.
7. Every short sentence about economics is inherently false. (Alfred Marshall)
A paradox that tells us about the complexity inherent to this science.
8. The only good budget is a balanced budget. (Adam Smith)
A precept to apply to any economic field.
9. Definition of an economist: he is an expert who tomorrow will be able to explain why the things he predicted yesterday have not happened today. (Lawrence J. Peter)
Another famous ironic quote about the profession of economist.
10. In the practical affairs of life, it is not faith that saves, but distrust. (Napoleon Bonaparte)
Another of those tips that should be followed if we want to preserve our heritage.
11. Take care of small expenses; a small hole sinks a ship. In this world, nothing is certain except death and taxes. (Benjamin Franklin)
The former president of the United States left us this pearl in the form of practical advice.
12. In business there are no friends: there are only clients. (Alexander Dumas)
Don’t think that someone is going to pay you just because you have a good personal relationship. Things don’t work this way.
13. Nothing is as essential in business as being expeditious. (Joseph Addison)
Being agile is a fundamental rule to be successful.
14. When the scam is huge, it already takes on a decent name. (Adelardo López de Ayala)
Fooling a few is easy; Deceiving thousands of people is a work of social and financial engineering.
15. While you can, save for old age and need, because the morning sun does not last all day. He who buys what is superfluous will soon be forced to sell what is necessary. If you know how to spend less than you earn, you have found the philosopher’s stone. An empty sack stays upright with great difficulty. (Benjamin Franklin)
The thought of a great conservative.
16. It is indeed good to acquire, but it is much better to keep. (Johann Wolfgang von Goethe)
In the era of obsolescence, this phrase is, unfortunately, outdated.
17. Boldness in business is the first, the second and the third. (Thomas Fuller)
Famous phrase to run a business.
18. A bank is a place where they lend you an umbrella when the weather is good and ask for it when it starts to rain. (Robert Lee Frost)
Another famous quote that ironizes the financial system in our societies.
19. In life you have to choose between earning money or spending it. There is not enough time for both. (Edouard Bourdet)
An economic reflection that can leave us thinking.
20. A saver is an idiot who immobilizes a thousand francs to earn five, and does not know how many beautiful things can be done with a thousand francs. (Tristan Bernard)
Contrary to most financial phrases, Bernard exhorts us to spend and enjoy life.
21. Always spend one coin less than you earn. (Cesare Cantu)
Another reflection that encourages us to save.
21. One is robbed in the stock market in the same way one is killed in war: by people who cannot be seen. (Alfred Capus)
The invisible hands are the ones that really dominate the market.
22. Great income is the economy. Income is safer than the economy: the economy is the daughter of order and assiduity. Not feeling the greed for riches is a wealth; Not having the habit of spending is an income. (Marcus Tullius Cicero)
An ode to austerity and to avoid the false siren songs of luxury and greed.
23. What costs little is valued even less. (Miguel de Cervantes)
About the value of things.
24. The man who knows how to spend and save is the happiest, because he enjoys both things. (Samuel Johnson)
The virtue of the consumer is in moderation.
25. Isn’t it strange? The same people who laugh at fortune tellers take economists seriously. (Anonymous)
One more economic phrase that calls into question the predictive capacity of graduates in this social science.
26. The economy as the essence of life is a deadly disease, because infinite growth does not harmonize with a finite world. (Erich Fromm)
The psychoanalyst makes a general but very accurate reflection about the vicious circle of capitalism.
27. Advising economics to the poor is both grotesque and insulting. It’s like advising someone who is dying of hunger to eat less. (Oscar Wilde)
The British writer thus spoke about the false pedagogy of the elites towards the disadvantaged classes.
28. Saving is poetic, because it is creative: waste is not poetic, because it is destructive. (Gilbert Keith Chesterton)
Suitable reflection for anyone who thinks about the future.
29. There are two kinds of economists; those who want to make the rich richer and those of us who want to make the poor less poor. (Jose Luis Sampedro)
A great Spanish thinker and economist, Sampedro, expressing his vocation.
30. Behind the economy there must also be power, since only power guarantees the economy. (Adolf Hitler)
Economic reflection of one of the greatest genocides in history.
31. The mercantile economy necessarily causes competition between commodity producers, inequality, the ruin of some and the enrichment of others. (Vladimir Lenin)
About the accumulation of wealth.
The characteristics of a science that, ultimately, studies ourselves.
33. Economy can be made in any circumstance, but provide the sick with everything they need. (Don Bosco)
You cannot skimp or save when we talk about basic rights.
34. The art of Economics consists of considering the most remote effects of any act or policy and not merely its immediate consequences; in calculating the repercussions of such a policy not on one group, but on all sectors. (Henry Hazlitt)
Global reflection on the impact of small things in the economic and financial context.
35. Getting advice from the technicians of the International Monetary Fund is the same as going to the warehouse with the buyer’s manual, written by the storekeeper. (Arturo Jauretche)
Famous quote full of irony about the partiality of the IMF.
36. The key factor that will determine your financial future is not the economy, the key factor is your philosophy. (Jim Rohn)
Each person’s strategy is what marks the future.
37. Economics is a narrative discipline and explanations are easy to provide a posteriori. (Nassim Taleb)
In retrospect it is easy to describe and explain certain phenomena.
38. What we have created is an extortion economy in which the rich get richer, the poor starve and apparently no one cares as long as we call it democracy.
A quote about today’s economy and the way the elites get rich ruthlessly.
39. When the economy slows, entrepreneurship comes alive like a well-stocked wood stove on a cold winter night.
It is often said that crises are opportunities to create especially prosperous businesses.
40. All government interference in the economy consists of granting an unearned benefit, extracted by force, to some men at the expense of others. (Ayn Rand)
A phrase from the ultraliberal Ayn Rand.
41. It is better to secure an interest than to earn a thousand pounds sterling. (Robert Louis Stevenson)
An elementary principle to be a good investor.
42. Rarity sets the price of things. (Petronius)
The more extravagant or rare the product is, the more expensive it usually is.
43. Don’t steal: this way you will never have luck in business. Cheat. (Ambrose Bierce)
Unfortunately, many businesses are based on a total lack of ethics and scruples.
44. If I owe you a pound, I have a problem; But if I owe you a million, the problem is yours. (John Maynard Keynes)
Another very famous phrase about the economy. Debts are negotiated differently depending on the amount in question.
45. Stock Market is a game that consists of passing a lit match from one person to another, until it reaches one who burns his fingers. (John Kennedy)
The president of the United States’ vision of the “art” of speculation.
46. Nowadays people know the price of everything and the value of nothing (Oscar Wilde)
Wilde’s quotes continue to resonate with great intensity to this day.
47. Banks are an almost irresistible attraction for that element of our society that seeks unearned money. (J. Edgar Hoover)
Banks have historically had a very bad reputation for multiple reasons.
48. Buy only what is necessary, not what is convenient. The unnecessary, even if it costs a single cent, is expensive. (Seneca)
Some of Seneca’s phrases still retain their validity today.
49. Poverty is not solved with money. It is solved with financial education.
One of the most important initiatives we can put into practice to change the world.
The economic and political culture of the United States has traditionally been based on the concept of freedom.
51. The new source of power is not money in the hands of a few, but information in the hands of many (John Naisbitt)
A phrase that we must take into account to understand future societies.
52. It is good that people do not know the banking and monetary system, otherwise there would be a revolution tomorrow morning. (Henry Ford)
This American businessman knew firsthand some of the injustices on which the Western system is based.
53. Socialism fails when they run out of other people’s money. (Margaret Thatcher)
President Thatcher fought an arduous ideological battle against socialism throughout her life.
Throughout history, both entrepreneurs and bankers have generated great suspicion in society.
55. There cannot be a flourishing and happy society when the majority of its members are poor and unhappy (Adam Smith)
A phrase that can be applied today to our modern societies.
56. Economy is the method. The goal is to change the heart and soul. (Margaret Thatcher Quotes)
Thatcher ruled with an iron fist and was determined to change her country’s economy.
57. Banks are a bit like bouillon cubes: they cook us and become richer. (Andreu Buenafuente)
One of the most humorous phrases of this Spanish comedian.
58. When you hit a large-scale financial crisis you risk a long period of slow growth and that is not ideal at all. (Stanley Fischer)
Financial crises are becoming more frequent and generate great discomfort among the general population.
59. What we know about the global financial crisis is that we don’t know much. (Paul Samuelson)
The inner workings of the economy remain a mystery even to experts.
60. Economics has never been a science and it is even less so now than a few years ago. (Paul Samuelson)
Over time, more and more people have stopped believing in economists.
61. The first step to solve the economic and financial crises is to abolish the Nobel Prize in Economics. (Nassim Taleb)
A truly striking contribution from this Lebanese financier.
62. Let China sleep, because when it wakes up, the world will shake. (Napoleon Bonaparte)
A phrase from this great French statesman that today seems like a prediction of the future.
One of the most striking predictions of the Nobel Prize winner in economics in 2001.
64. There is no freedom unless there is economic freedom. (Margaret Thatcher)
Freedom in all areas was always the greatest desire of this former president.
65. You get paid in direct proportion to the level of difficulty of the problems you solve. (Elon Musk)
An interesting reflection from one of the richest men in the world.
66. China has made important contributions to the world economy in terms of total economic output and trade, and the yuan has played a role in global economic development. But making the RMB an international currency will be quite a long process. (Hu Jintao)
Chinese President Hu Jintao presided over his nation for 10 years and laid the foundation for creating the new Chinese economy.
67. In my opinion, the expansion of economic freedom will consequently bring greater political freedoms. (Milton Friedman)
One of the essential maxims of the Austrian economic school.
68. Keep it to yourself, I came for the bank’s money, not yours. (John Dillinger)
Dillinger was one of the most remembered bank robbers in the United States and had the support of many citizens.
69. As economic and political freedom decreases, sexual freedom has tendencies to grow as compensation. (Aldous Huxley)
One of the many interesting reflections of this great author of science fiction novels.
70. When it comes to money there is only one common phrase: “More.” (André Kostolany)
The people who have the most money are the ones who love the most throughout their lives.
71. In a well-governed country, poverty is a source of shame. But in a poorly governed country, the source of shame is wealth. (Confucius)
One of the many phrases of this great Chinese thinker, who tells us about how wealth can be the source of corruption in some rich countries.
72. We defend capitalism because it is the only system oriented towards the life of a rational being. (Ayn Rand)
Some people consider this to be the best possible economic system.
73. The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate into the totality of society. (Ludwig von Mises)
For the Austrian school of economics, freedom was the essential mechanism that made the capitalist economy function.
74. Man is free if he only has to obey the laws and not people. (Friedrich August von Hayek)
For this economist, the world economy obeys its own laws and they are different from those of people.
75. The economy and the environment are the same. It is the rule of nature. (Mollie Beattie)
A deep reflection on two truly important concepts.
76. You cannot give strength to the weak by weakening the strong; You cannot help the poor by ruining the rich. (Abraham Lincoln)
Lincoln was one of the most beloved presidents in American history and during his term he modernized the American economy.
77. The production of too many useful things results in too many useless people. (Karl Marx)
Many of Marx’s phrases are still fully relevant today.
78. Freedom is not just a particular value… It is the source and condition of most moral values. (Friedrich August von Hayek)
Freedom has always been one of the supreme values for the Austrian school.
79. Money does not create man, it is man who creates money. (Warren Buffett)
If anyone knows about money in the world, it is magnate Warren Buffett.
80. The world economy is the most efficient expression of organized crime. (Eduardo Galeano)
A truly critical phrase with the international banking system.
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PsychologyFor. (2024). The 80 Best Phrases About Economy and Finance. https://psychologyfor.com/the-80-best-phrases-about-economy-and-finance/